New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
RGC RESOURCES INC amended term loan of $10,000,000 with Pinnacle Bank at Term SOFR plus 100 basis points.
“Also, on March 24, 2023, Roanoke amended and restated the $10,000,000 Promissory Note (the “Amended Term Note”) entered on September 24, 2021 with Pinnacle. The amendment revised the original Term Note’s interest rate from LIBOR plus 100 basis points to Term SOFR plus 100 basis points.”
RGC RESOURCES INC incurred revolving credit of $25,000,000 with Pinnacle Bank at Term SOFR plus 110 basis points maturing March 31, 2024.
“On March 24, 2023, Roanoke Gas Company (“Roanoke”), the utility subsidiary of RGC Resources, Inc. (“Resources”), entered into a Promissory Note in the principal amount of $25,000,000 (the “Revolving Note”) with Pinnacle Bank (“Pinnacle”). The Revolving Note will mature on March 31, 2024.”
LKQ CORP incurred term loan of CAD 700 million with Wells Fargo Bank, National Association at Eurocurrency Rate Spread ranges from 1.125% to 1.75%, and the Canadian Prime Rat maturing three years from the date of funding of the Term Loan.
“Wells Fargo Bank, National Association ("Wells Fargo Bank"), as administrative agent; Bank of America, N.A.”
REINSURANCE GROUP OF AMERICA INC incurred senior notes of $500,000,000 at 7.125% maturing due 2043.
“On March 23, 2023, Chesterfield Reinsurance Company (“Chesterfield Re”), a subsidiary of Reinsurance Group of America, Incorporated (the “Company”), entered into a subscription agreement (the “Subscription Agreement”) with unaffiliated financial institutions as purchasers (the “Purchasers”), pursuant to which Chesterfield Re has issued to the Purchasers 7.125% surplus notes due 2043 (the “Surplus Notes”). The aggregate principal amount of Surplus Notes issued pursuant to the Subscription Agreement is $500,000,000.”
FIRST CITIZENS BANCSHARES INC /DE/ incurred credit facility of $70 billion with Federal Deposit Insurance Corporation (the "FDIC") at Secured Overnight Financing Rate plus 25 basis points (but in no event less than maturing five years from the Acquisition Date.
“FCB and the FDIC also entered into a binding term sheet pursuant to which the FDIC is providing a five-year, $70 billion line of credit to FCB (the "Credit Facility").”
FIRST CITIZENS BANCSHARES INC /DE/ incurred debt of $35.0 billion with Federal Deposit Insurance Corporation (the "FDIC") at 3.50% per annum maturing five years from the Acquisition Date.
“as initial payment under the Purchase Agreement, FCB issued a five-year $35.0 billion note to the FDIC (the "Purchase Money Note").”
NORDSON CORP incurred term loan of €180.0 million aggregate principal amount with PNC Bank, National Association, as Administrative Agent and Lender.
“On March 24, 2023, the Company borrowed €180.0 million aggregate principal amount available under the Term Loan Facility.”
INTERNATIONAL FLAVORS & FRAGRANCES INC amended revolving credit of Not specified with Citibank, N.A. at Term SOFR plus 0.10% per annum or EURIBOR plus applicable margin based on Public maturing Not specified.
“On March 23, 2023, the Company and certain of its subsidiaries entered into Amendment No. 2 (“Revolver Amendment No. 2”) and Amendment No. 3 (“Revolver Amendment No. 3”, and together with Revolver Amendment No. 2, the “Revolver Amendments”) to amend that certain Third Amended and Restated Credit Agreement, dated July 28, 2021 (as amended by that certain Amendment No. 1 to Credit Agreement, dated August 4, 2022, the “Existing Revolving Credit Agreement”, and the Existing Revolving Credit Agreement, as amended by the Revolver Amendments, the “Revolving Credit Agreement”), among the Company and certain of its subsidiaries (collectively, the “Loan Parties”), the lenders party thereto and Citibank, N.A., as administrative agent. Revolver Amendment No. 2, among other things, extends the period during which certain relief is provided with respect to the financial covenant contained in the Existing Revolving Credit Agreement through December 31, 2024 or such earlier date on which the Company e”
INTERNATIONAL FLAVORS & FRAGRANCES INC amended term loan of Not specified with Morgan Stanley Senior Funding, Inc. at Term SOFR plus an adjustment of 0.10% per annum, plus applicable margin based on maturing Not specified.
“On March 23, 2023, International Flavors & Fragrances Inc. (the “Company”) entered into Amendment No. 3 (“Term Loan Amendment No. 3”) and Amendment No. 4 (“Term Loan Amendment No. 4”, and together with Term Loan Amendment No. 3, the “Term Loan Amendments”) to amend that certain term loan credit agreement, dated January 17, 2020 (as amended by that certain Amendment No. 1 to Credit Agreement, dated August 25, 2020, as further amended by that certain Amendment No. 2 to Credit Agreement, dated August 4, 2022, as further supplemented by that certain Icon Debt Assumption Supplement, dated March 4, 2021, the “Existing Term Loan Credit Agreement”, and the Existing Term Loan Credit Agreement, as amended by the Term Loan Amendments, the “Term Loan Credit Agreement”), among the Company (as successor to Nutrition & Biosciences, Inc.), the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent. Term Loan Amendment No. 3, among other things, extends the period during”
AIR T INC amended credit facility with Old National Bank.
“On March 22, 2023, Contrail Aviation Support, LLC and Contrail Aviation Leasing, LLC (collectively “Contrail”) entered into the First Amendment to Second Amendment to Master Loan Agreement and Third Amendment to Master Loan Agreement (the “Amendment”) with Old National Bank (“ONB”). The Amendment amends the Master Loan Agreement dated as of June 24, 2019, as amended.”
Hainan Manaslu Acquisition Corp. incurred loan of $300,000 with Bright Winlong LLC at does not bear interest maturing earlier of (i) December 31, 2023 or (ii) the closing of a business combination by the Company.
“On March 21, 2023, Hainan Manaslu Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $300,000 (the “Note”) to Bright Winlong LLC, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor delivering such amount into the Company’s working capital account in order to meet the working capital needs of the Company. The Note does not bear interest and matures on the earlier of (i) December 31, 2023 or (ii) the closing of a business combination by the Company.”
Zapata Quantum, Inc. incurred loan of total principal amounts of $500,000, $500,000 and $100,000, respectively with Michael M. Andretti, William J. Sandbrook, William M. Brown at 4.50% per annum maturing the earlier of (i) the date on which the Company consummates an initial business combination and (ii) the liquidation of the Company.
“On March 21, 2023, Andretti Acquisition Corp. (the “ Company ”) issued three separate unsecured promissory notes (the “ Notes ”) to each of Michael M. Andretti, William J. Sandbrook and William M. Brown (collectively, the “ Payees ”), in total principal amounts of $500,000, $500,000 and $100,000, respectively. The proceeds of the Notes, which may be drawn from time to time prior to the Maturity Date (as defined below), will be used by the Company for general working capital purposes. The Notes bear interest at a rate of 4.50% per annum and shall be due and payable on the earlier of (i) the date on which the Company consummates an initial business combination (a “ Business Combination ”) and (ii) the liquidation of the Company in accordance with its amended and restated memorandum (the “ Maturity Date ”).”
Nogin, Inc. incurred loan at seven percent per annum maturing March 26, 2025.
“On March 26, 2023, the Company, the Guarantors and each Holder executed unsecured promissory notes (each, a “Promissory Note” and collectively, the “Promissory Notes”), with each Promissory Note having an aggregate principal amount equal to such Holder’s Interest Payments. The Promissory Notes mature on March 26, 2025 and accrue interest at seven percent per annum.”
Greenrose Holding Co Inc. faced acceleration on credit facility with DXR Finance, LLC (as Agent).
“On March 25, 2023, Holdings, TH and Theraplant received a Notice of Acceleration (the “ Notice of Acceleration ”) from the legal representatives of the Agent in reference to (i) that certain Credit Agreement; (ii) that certain Security Agreement, dated as of November 26, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “ Security Agreement ”), by and among, inter alios , Holdings, TH, Theraplant, the other grantors from time to time party thereto and the Agent; and (iii) that certain Guaranty, dated as of November 26, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time (the “ Guaranty ”), by and among, inter alios , Holdings, TH, Theraplant, the other guarantors from time to time party thereto and the Agent. The Notice of Acceleration declared that all of the principal of, and any and all accrued and unpaid interest, premium and fees in respect of, the term loans extended under”
Sun Country Airlines Holdings, Inc. incurred term loan of $119,200,000 with the lenders party thereto and UMB Bank, National Association, as facility agent, security trustee and account bank at term secured overnight funding rate (“SOFR”) (subject to a floor of 0.00%), plus maturing March 21, 2030.
“On March 21, 2023, Sun Country Airlines Holdings, Inc. (“Holdings,” the “Company,” “we,” “us” or “our”) entered into a $119,200,000 Term Loan Facility Agreement among the Sun Country Holdings, Sun Country, Inc. (D/B/A Sun Country Airlines) (“Sun Country”), the lenders party thereto and UMB Bank, National Association, as facility agent, security trustee and account bank (The “Term Loan Facility”). The proceeds of the Term Loan Facility will be used to acquire five Boeing 737-900ER aircraft from an unaffiliated third-party (the “Aircraft”). The Aircraft are currently on lease to an unaffiliated airline and will remain on lease with them until the leases expire on November 30, 2024, May 31, 2025, November 30, 2025, March 31, 2025 and May 31, 2025 at which time they will join the Sun Country fleet. The obligations of Sun Country and Holdings under the Term Loan Facility are primarily secured by the Aircraft and, so long as the Aircraft are on lease, the associated leases, including mainten”
Weatherford International plc amended credit facility with Wells Fargo Bank, National Association.
“On March 24, 2023, the Borrowers, the Company and the Administrative Agent entered into the Third Amendment to Amended and Restated Credit Agreement (the “Third Amendment”), which permits unlimited prepayments and other Redemptions of indebtedness (which previously was limited to $500,000,000), subject to (i) the ratio of funded debt (net of unrestricted cash in excess of $400 million) to consolidated adjusted EBITDA not exceeding 2.50 to 1.00, (ii) no Default or Event of Default existing and (iii) Aggregate Liquidity equaling or exceeding $300,000,000 (which previously was $350,000,000).”
Verastem, Inc. incurred term loan of $15.0 million Term B Loan with Oxford Finance LLC and Oxford Finance Credit Fund III LP at the greater of (i) the one-month CME Secured Overnight Financing Rate and (ii) 0 maturing March 1, 2027.
“On March 22, 2023, the Company elected to draw down the $15.0 million Term B Loan, having received at least $50.0 million in unrestricted cash proceeds from the sale or issuance of equity securities.”
AYTU BIOPHARMA, INC amended credit facility of No change in principal amount; amendment permitted the increase in revolving loan commitment under the Eclipse Facility with Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund II, L.P. as lenders, and Avenue Capital Management II, L.P. as administrative agent at Not specified maturing Not specified.
“In connection with the Eclipse Amendment, on March 24, 2023, the Obligors entered into the Second Amendment to Loan Documents (the “ Avenue Amendment ”) amending that certain Loan and Security Agreement dated January 26, 2022 (as amended by the First Amendment, dated October 25, 2022, the “ Avenue Agreement ”), by and among the Obligors, Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund II, L.P., as lenders (the “ Avenue Capital Lenders ”), and Avenue Capital Management II, L.P., as administrative agent (the “ Avenue Capital Agent ”). The Avenue Amendment, among other things, permitted the increase in revolving loan commitment provided by the Eclipse Lender under the Eclipse Facility as provided for in the Eclipse Amendment.”
AYTU BIOPHARMA, INC amended revolving credit of Increase of $2,000,000 to revolving loan commitment, resulting in aggregate revolving facility size of $14,500,000 with Eclipse Business Capital LLC (f/k/a Encina Business Credit, LLC), as agent, and the lenders party thereto at Not specified maturing Not specified.
“and the lenders party thereto (agent and such lenders, collectively, the “ Eclipse Lender ”). The Eclipse Amendment, among other things, provided for an aggregate increase of $2,000,000 to the Eclipse Lender’s commitment to make revolving loans from time to time to the Neos Obligors, resulting in an aggregate revolving facility size of $14,500,000 (such facility,”
ETSY INC incurred revolving credit of $400.0 million with lenders party thereto, with JPMorgan Chase Bank N.A. as administrative agent at adjusted Term SOFR rate plus a margin ranging from 1.50% to 2.25% (or base rate maturing March 2028.
“On March 24, 2023, Etsy, Inc. (“Etsy”) entered into a $400.0 million senior secured revolving credit facility pursuant to an Amended and Restated Credit Agreement (the “2023 Credit Agreement”) among Etsy, as borrower, certain subsidiaries of Etsy party thereto as guarantors, the lenders party thereto and JPMorgan Chase Bank N.A., as administrative Agent.”
Novo Integrated Sciences, Inc. incurred convertible notes of $573,000 with FirstFire Global Opportunities Fund, LLC at 12% per annum maturing March 21, 2024.
“On March 21, 2023, Novo Integrated Sciences, Inc., a Nevada corporation (the "Company") entered into a securities purchase agreement (the "SPA") with FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company (the "Holder"), pursuant to which the Company issued an 12% unsecured promissory note (the "Note") with a maturity date of March 21, 2024 (the "Maturity Date"), in the principal sum of $573,000 (the "Principal Sum").”
CONSOLIDATED EDISON INC incurred revolving credit of up to $500 million with Bank of America, N.A. maturing March 25, 2024.
“Under the CECONY 364-Day Credit Agreement, the 364-Day Lenders committed to provide a loan, on a revolving credit basis, in an aggregate amount of up to $500 million to CECONY.”
CONSOLIDATED EDISON INC incurred revolving credit of up to $2.5 billion with Bank of America, N.A. maturing March 27, 2028.
“Under the Credit Agreement, the Lenders committed to provide loans and letters of credit, on a revolving credit basis, in an aggregate amount of up to $2.5 billion of credit available, with the full amount available to CECONY, $800 million available to Con Edison (subject to increase up to $1 billion) and $250 million available to O&R, including up to $900 million of letters of credit.”
INTEGRA LIFESCIENCES HOLDINGS CORP incurred credit facility of up to $2.075 billion with Bank of America, N.A., as Administrative Agent at term SOFR plus 0.10% plus the applicable rate (ranging from 1.00% to 1.75%) maturing March 24, 2028.
“On March 24, 2023, Integra LifeSciences Holdings Corporation (the “Company”) entered into an amended and restated credit agreement with a syndicate of lending banks, Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, Citibank N.A., JPMorgan Chase Bank, N.A., Morgan Stanley MUFG Loan Partners, LLC, PNC Bank, N.A., Truist Securities, Inc. and Wells Fargo Bank, N.A., as Co-Syndication Agents, and The Bank of Nova Scotia, BMO Harris Bank N.A., BNP Paribas, Capital One, National Association, Citizens Bank, N.A., DNB Bank ASA, New York Branch, Santander Bank, N.A. and TD Bank, N.A., as Co-Documentation Agents (the “Amendment and Restatement”). The Amendment and Restatement makes an aggregate principal amount of up to $2.075 billion available to the Company through the following facilities: (i) a $1.3 billion revolving credit facility, and (ii) a $775 million term loan facility, which includes a $60 million sublimit for the issuance of standby letters of credit”
DAWSON GEOPHYSICAL CO amended revolving credit of $5,000,000 with Dominion Bank.
“respect to implicated covenants. The Loan Agreement now provides for a secured revolving credit facility (the “Revolving Credit Facility”) in an amount up to the lesser of (I) $5,000,000 or (II) a sum equal to (A) 80% of the Company’s eligible accounts receivable plus (B) 100% of the amount on deposit with the Lender in the Company’ tion of Acquisition or”
DAWSON GEOPHYSICAL CO incurred convertible notes of $9,880,000.50 with Wilks Brothers, LLC maturing on or after June 30, 2024.
“The Company delivered to Wilks a convertible promissory note (the “Convertible Note”) in the principal amount of $9,880,000.50 payable on or after June 30, 2024”
Qomolangma Acquisition Corp. incurred loan of $200,000 with Qomolangma Investments LLC at bears no interest maturing repayable in full upon the consummation of the Company's business combination.
“On March 22, 2023, Qomolangma Acquisition Corp., a Delaware corporation (the “Company”), issued an unsecured promissory note (a “Working Capital Note”) in the principal amount of $200,000 to Qomolangma Investments LLC, a Delaware limited liability company (the “Sponsor”).”
Forbion European Acquisition Corp. incurred loan of up to $900,000 with Forbion Growth Sponsor FEAC I B.V. at bears no interest maturing the earlier of (i) the date of consummation of the Company’s initial merger, share exchange, asset acquisition, share purchase, reorganization or similar busine.
“On March 24, 2023, Forbion European Acquisition Corp. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the total principal amount of up to $900,000 to Forbion Growth Sponsor FEAC I B.V. (the “ Sponsor ”).”
Ace Global Business Acquisition Ltd incurred loan of $350,332.05 with Ace Global Investment Limited maturing upon closing of a business combination.
“On March 24th, 2023, Ace Global Business Acquisition Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $350,332.05 (the “Note”) to Ace Global Investment Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the period of time the Company has to complete a business combination for an additional three (3) months period, from April 9, 2023 to July 8, 2023.”
SAB Biotherapeutics, Inc. incurred debt of pay $1.5 million to Ladenburg in cash or shares of common stock, at the Company’s option; and (ii) no later than Decembe with Ladenburg Thalmann & Co. Inc. maturing December 31, 2023.
“On March 21, 2023, SAB Biotherapeutics, Inc., a Delaware corporation (the “Company”) entered into a settlement agreement with Ladenburg Thalmann & Co. Inc. (the “2023 Ladenburg Agreement”, and the action brought by Ladenburg, the “Ladenburg Action”), effective March 23, 2023.”
Robinhood Markets, Inc. amended credit facility of $2.175 billion with JPMorgan Chase Bank, N.A., as administrative agent at the greatest of (i) Daily Simple SOFR plus 0.10%, (ii) the Federal Funds Effecti maturing 364-day.
“secured revolving credit facility entered into in April 2022. The Credit Agreement provides for a 364-day senior secured revolving credit facility with a total commitment of $2.175 billion. Under circumstances described in the Credit Agreement, the aggregate commitments may be increased by up to $1.0875 billion, for a total commitment under the Credit Agreement of”
Unique Fabricating, Inc. reported a default on credit facility of $44.1 million with Citizens Bank, N.A. maturing February 17, 2023.
“terms of the loan documents, at law or in equity to protect their interests, as determined by the Agent and the Lenders in their sole discretion. As of March 23, 2023, there was $44.1 million principal outstanding under the Credit Agreement, including under the revolving line of credit, term loans and capital expenditure loans. The summary of the Notice does not”
Peakstone Realty Trust incurred revolving credit of $400,000,000 with KeyBank National Association, as administrative agent, and various lending institutions.
“In connection with the Seventh Amendment, and as a condition to the effectiveness thereof, PKST OP prepaid the outstanding principal balance ($400,000,000) of the 2024 Term Loan (as defined in the Existing Credit Agreement). The prepayment was funded through a draw on the revolving credit facility portion of the Existing Credit Agreement.”
Peakstone Realty Trust amended revolving credit with KeyBank National Association, as administrative agent, and various lending institutions maturing January 31, 2026.
“The Seventh Amendment amended the Existing Credit Agreement by, among other things: (i) permitting PKST OP to extend the Revolving Commitments (as defined in the Existing Credit Agreement) of each Revolving Lender (as defined in the Existing Credit Agreement) to January 31, 2026 (the “Subsequent Extension”);”
Optex Systems Holdings Inc incurred revolving credit of $3 million with Texas Capital Bank at SOFR plus a specified margin maturing May 22, 2025.
“On March 22, 2023, Optex Systems Holdings, Inc., a Delaware corporation (the “Company”), and its subsidiary, Optex Systems, Inc. (“Optex”, and with the Company, the “Borrowers”), entered into a Business Loan Agreement (the “Loan Agreement”) with Texas Capital Bank (the “Lender”), pursuant to which the Lender will make available to the Borrowers a revolving line of credit in the principal amount of $3 million (the “Credit Facility”). The commitment period for advances under the Credit Facility is twenty-six months expiring on May 22, 2025. We refer to the expiration of that time period as the “Maturity Date.” Outstanding advances under the Credit Facility will accrue interest at a rate equal to the secured overnight financing rate (SOFR) plus a specified margin, subject to a specified floor interest rate. The interest rate is currently at 7.501% per annum.”
NuStar Energy L.P. incurred lease obligation with NS San Antonio TX Landlord, LLC maturing 20 years.
“On March 21, 2023, NuStar Logistics, L.P. (“NuStar Logistics”), a wholly owned subsidiary of NuStar Energy L.P. (“NuStar”), consummated a sale-leaseback transaction (the “Sale-Leaseback Transaction”) and entered into a lease agreement (the “Lease Agreement”) with NS San Antonio TX Landlord, LLC (“Landlord”) with respect to NuStar’s headquarters located in San Antonio, Texas (the “Property”) for a term of 20 years, with two options to extend the term for ten years each in accordance with the Lease Agreement. NuStar entered into a lease guaranty, whereby NuStar agreed to guarantee the obligations of NuStar Logistics under the Lease Agreement. Pursuant to the Lease Agreement, NuStar Logistics will pay an annual average base rent of approximately $8.2 million during the initial 20-year term.”
LifeMD, Inc. incurred credit facility of up to $40 million with Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P. at variable rate per annum equal to the greater of (i) the sum of 4.75% plus the Pr maturing October 1, 2026.
“On March 21, 2023, LifeMD, Inc. (the “Company”) entered into and closed on a Loan and Security Agreement (the “Loan Agreement”) with Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P. (together with Avenue Venture Opportunities Fund II, L.P., the “Lenders”), and a Supplement to the Loan Agreement (the “Supplement”), pursuant to which the Lenders made available to the Company a senior secured credit facility with an aggregate principal amount of up to $40 million (the “Credit Facility”), consisting of an initial advance of $15 million drawn by the Company on March 21, 2023 and an additional commitment to make loans of up to $5 million in the fourth quarter of 2023.”
OLD DOMINION FREIGHT LINE, INC. incurred revolving credit of $250.0 million with Wells Fargo Bank, National Association, as administrative agent, and the Lenders named therein at SOFR plus 0.100% plus applicable margin of 1.000%-1.375% or Base Rate plus appli maturing five-year.
“On March 22, 2023, the Company entered into a five-year, $250.0 million senior unsecured revolving credit facility pursuant to the terms of a third amended and restated credit agreement (the “Credit Agreement”), dated as of March 22, 2023, with Wells Fargo Bank, National Association, as administrative agent, and the Lenders named therein (collectively, the “Lenders”).”
IDEANOMICS, INC. incurred loan of $2,000,000 with Tillou Management and Consulting LLC at 20% per annum maturing on demand any time after April 20, 2023.
“Promissory Note Effective on March 19, 2023 (the “ Effective Date ”), Ideanomics, Inc. (the “ Company ”) issued a promissory note (the “ Note ”) to Tillou Management and Consulting LLC, a New Jersey limited liability company (the “ Noteholder ” or “ Tillou ”), an entity controlled by Vince McMahon, the father of our Executive Chairman Shane McMahon, in the principal amount of $2,000,000 (the “ Loan ”). The Company agreed to pay the aggregate unpaid principal amount of the Loan, all accrued and unpaid interest, and all other amounts payable under the Note on demand any time after April 20, 2023. The principal amount outstanding under the Note bears interest at a rate of 20% per annum (the “ Interest Rate ”). If any amount payable under the Note is not paid when due, such overdue amount shall bear interest at the Interest Rate plus 2%. The Company may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepa”
RICHARDSON ELECTRONICS, LTD. incurred revolving credit of $30,000,000 with PNC Bank, N.A. at Term SOFR Rate plus 1.25% maturing three years from the Closing Date.
“On March 20, 2023 (the “Closing Date”), Richardson Electronics, Ltd., a Delaware corporation (the “Company”), and certain subsidiaries of the Company (collectively, the “Guarantors”) entered into a Credit Agreement (the “Credit Agreement”) among the Company, the Guarantors party thereto, the Lenders party thereto, and PNC Bank, N.A., as Administrative Agent, Swingline Loan Lender and Issuing Lender thereunder. The Credit Agreement provides for a three (3)-year, senior secured revolving credit facility in an aggregate principal amount not to exceed $30,000,000, including a Swingline Loan subfacility and Letter of Credit subfacility (collectively, the “Revolving Credit Facility”).”
Krispy Kreme, Inc. incurred term loan of $700 million with BNP Paribas at adjusted term SOFR plus 1.75%-2.25% based on Total Net Leverage Ratio maturing March 2028.
“(“ Borrower ”) entered into a new credit agreement (“ New Credit Agreement ”) with the lenders party thereto (“ Lenders ”) and BNP Paribas, as administrative agent and as collateral agent, consisting of a $300 million senior secured first lien revolving credit facility and a $700 million senior secured first lien term loan facility.”
Krispy Kreme, Inc. incurred revolving credit of $300 million with BNP Paribas at adjusted term SOFR plus 1.75%-2.25% based on Total Net Leverage Ratio maturing March 2028.
“(“ Borrower ”) entered into a new credit agreement (“ New Credit Agreement ”) with the lenders party thereto (“ Lenders ”) and BNP Paribas, as administrative agent and as collateral agent, consisting of a $300 million senior secured first lien revolving credit facility and a $700 million senior secured first lien term loan facility.”
T3 Defense Inc. incurred loan of $32,500 with Nukkleus, Inc. at does not bear interest maturing upon closing of the Company's initial business combination.
“On March 21, 2023, Brilliant Acquisition Corporation (the “Company” or “Brilliant”) issued an unsecured promissory note in the aggregate principal amount of $32,500 (the “Note”) to Nukkleus, Inc.”
Celularity Inc incurred loan of $5.0 million with C.V. Starr & Co. Inc. at 12.0% per year maturing March 17, 2025.
“On March 17, 2023, Celularity entered into a Loan Agreement with C.V. Starr & Co. Inc., one of Celularity’s significant stockholders, or Starr, providing for a loan in the aggregate principal amount of $5.0 million net of an original issue discount of $100,000, which bears interest at a rate of 12.0% per year, with the first year of interest being paid in kind on the last day of each month, and matures March 17, 2025”
Southwest Gas Holdings, Inc. incurred senior notes of $300 million with The Bank of New York Mellon Trust Company, N.A. at 5.450% per year maturing March 23, 2028.
“On March 23, 2023, Southwest Gas Corporation (the “Company”), a wholly owned subsidiary of Southwest Gas Holdings, Inc. (the “Parent”), completed a public offering of $300 million aggregate principal amount of 5.450% Senior Notes due 2028 (the “Notes”) pursuant to an Underwriting Agreement, dated March 21, 2023, with BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC as representatives of the underwriters named therein (the “Underwriting Agreement”).”
Legacy Education Alliance, Inc. incurred convertible notes of $325,000 with ABCImpact I, LLC at 10% per annum maturing the earlier of 12 months from the issue date and the date of a Liquidity Event.
“Between March 6, 2023 and March 17, 2023, Legacy Education Alliance, Inc. (the “Company”) borrowed an aggregate of $325,000 (collectively, the “Loan”) from ABCImpact I, LLC, a Delaware limited liability company (the “Lender”), evidenced by one or more 10% Convertible Debentures (the “Debentures”).”
U.S. SILICA HOLDINGS, INC. incurred credit facility of $1.1 billion senior secured credit facility, consisting of a $950 million Term Loan B and a $150 million revolving credi with BNP Paribas at Term Secured Overnight Financing Rate plus a credit spread adjustment of 0.10% p maturing The term loan matures on March 23, 2030 and the revolving credit facility commitment expires March 23, 2028.
“On March 23, 2023, U.S. Silica Holdings, Inc. (the “Company”), through its subsidiaries, USS Holdings, Inc., as guarantor, U.S. Silica Company (“U.S. Silica”), as borrower, and certain of U.S. Silica’s subsidiaries as additional guarantors (collectively, the “Loan Parties”), entered into the Fourth Amended and Restated Credit Agreement with BNP Paribas, as administrative agent, and the lenders named therein (the “Credit Agreement”). The Credit Agreement is comprised of a new $1.1 billion senior secured credit facility, consisting of a $950 million Term Loan B and a $150 million revolving credit facility that may also be used for swingline loans or letters of credit, and U.S. Silica may elect to increase the term loan or the revolving credit facility as defined in the Credit Agreement.”
BROWN FORMAN CORP incurred senior notes of $650,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.750% per year maturing April 15, 2033.
“On March 23, 2023, Brown-Forman Corporation (the “Company”) completed the sale of $650,000,000 aggregate principal amount of 4.750% Notes due 2033 (the “Notes”).”
INVO Fertility, Inc. incurred convertible notes of $135,000 at ten percent (10%) per annum maturing December 31, 2023.
“the Company entered into definitive securities purchase agreements (the “Purchase Agreements”) with accredited investors for their purchase of (i) unsecured convertible notes of the Company in the aggregate original principal amount of $135,000 (the “Notes”) with a fixed conversion price of $0.60”
ONCOR ELECTRIC DELIVERY CO LLC incurred term loan of $150 million with U.S. Bank National Association at SOFR plus 0.95% maturing April 30, 2024.
“On March 22, 2023, Oncor Electric Delivery Company LLC, a Delaware limited liability company (“Oncor”), entered into a Term Loan Credit Agreement (the “Term Loan Agreement”) between Oncor, as the borrower, and U.S. Bank National Association, as the lender (the “Lender”). The Term Loan Agreement provides for a term loan credit facility in an aggregate principal amount of $150 million (the “Term Loan Facility”) with a maturity date of April 30, 2024. On March 23, 2023, Oncor borrowed $150 million aggregate principal amount under the Term Loan Agreement which was the full amount of the Term Loan Facility.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.